The Philippines Offers A Fast Growing Economy With Expensive Stocks To Boot
Four Pillars of GDP: Private Consumption and Investment At 6.6%, The Philippines has the second fastest GDP growth in Asia (only India’s is faster). Private consumption and investments are the main drivers of the economy, but net exports created a large drag on GDP growth at -1.6%. Expensive but moderately attractive The Philippines totes the […]
Trading Wisdom From A JP Morgan Vet
Every once in awhile a few gems will surface through Wall Street’s noise. Such is the case with a departing note from Jan Loeys, a senior strategist from J.P. Morgan who has been at this game for over 30 years. In his final note, Loeys shares his thoughts on all the hot issues in finance […]
New Zealand Retail Sales Climb 0.2% In Q3
New Zealand retail sales climbed less than expected in the third quarter following the drop in restaurant sales. Sales increased by 0.2 percent in the third quarter, according to the Statistics New Zealand report released on Wednesday. This was lower than the 1.8 percent recorded in the second quarter and the 0.4 percent expected by […]
An Economist Chews Over Thanksgiving
As Thanksgiving preparations arrive, I naturally find my thoughts veering to the evolution of demand for turkey, technological change in turkey production, market concentration in the turkey industry, and price indexes for a classic Thanksgiving dinner. Not that there’s anything wrong with that. [Note: This is an updated and amended version of a post that […]
Crude Oil Prices Rise On Hopes For OPEC Output Cuts Extension
Crude oil prices rose to the highest level since mid-2015 amid speculation that OPEC will extend a cartel-led production cut scheme at its upcoming meeting. Prices briefly dipped as EIA inventories data showed US stockpiles shed 1.86 million barrels last week. The result topped forecasts calling for a 1.43 million barrel outflow but fell substantially short of the hefty 6.3 […]
USD/CAD Daily Analysis – Thursday, November 23
USD/CAD broke below the rising trend line on the 4-hour chart, indicating that the upside movement from 1.2666 had completed at 1.2836 already. Further decline to test 1.2666 support could be expected. A breakdown below this level will confirm that the downtrend from 1.2916 has resumed, then next target would be at 1.2600, followed by […]
Blockchain Stock Overstock.com Relentlessly Higher
Blockchain stocks are incredibly hot right now. Stocks like Riot Blockchain and BTL Group are running like crazy. That is to some extent linked to the amazing rise of Bitcoin and other cryptocurrencies like Ethereum and Litecoin. Up until now, there has been a very strong correlation in bullishness between the small number of blockchain stocks and cryptocurrencies. However, we believe there is a fundamental shift […]
Fed Worried About Lack Of Inflation, Stock Market Bubble (Sort Of)
FOMC minutes show Yellen is no longer convinced that low inflation is transitory. Other members mention bubble concerns. Minutes of the FOMC Oct. 31-Nov. 1 meeting reflect concern inflation could stay below target longer than expected. The minutes also show a concern over bubbles. Inflation or not, the Wall Street Journal reports Fed on Track for […]
Technology Sector Up 34% In 2017
As can be seen on the Year-to-date percentages-gained/lost graph below, the Technology sector (XLK) leads the other eight major sectors in gains, so far, this year. It’s in a fairly smooth, strong uptrend, and has been relatively devoid of much volatility, overall, compared with the other sectors, as shown on the 1-Year Daily charts below. The longer-term Monthly chart below shows that XLK is approaching […]
Stocks Are At The End Of The Line – Prepare Yourself Now!
I pay as much attention to anecdotal evidence from the actions of market actors as I do to the actual price action on a daily basis! Well here’s another new all time high for you,The NYSE margin debt figures were released a few days ago for September last. NYSE margin debt was up 1.59% on the […]
